Pima Arizona Stock Appreciation Rights Plan of The Todd-AO Corporation

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Pima
• Control #: US-CC-18-403A
• Format: Word; Rich Text

Description

18-403A 18-403A . . . Stock Appreciation Rights Plan which provides for granting of (a) SARs to employees, directors and consultants and (b) limited stock appreciation rights to persons who are subject to Section 16 of Exchange Act. Limited rights have same terms and conditions as SARs except that limited rights are automatically exercised on date established, without any action on part of grantee, which is at least six months after grant of limited right. To extent limited right is exercised, related SAR is canceled and vice versa. The purpose of limited right is to provide grantees who are subject to short swing profit recovery provisions of Exchange Act with benefits associated with exercise of SARs even though exercise occurs outside of "window period" prescribed by SEC The Lima Arizona Stock Appreciation Rights Plan is a unique compensation structure offered by The Todd-AO Corporation, a well-established company known for its innovative contributions in the film industry. This plan provides employees with an opportunity to directly benefit from the company's success and financial growth through stock appreciation rights (SARS). SARS is a form of equity compensation that grants employees the right to receive cash or stock when the company's stock price increases over a specified period. The Lima Arizona Stock Appreciation Rights Plan allows eligible employees of The Todd-AO Corporation based in Lima, Arizona, to participate in this program and reap the rewards of their hard work. Under this plan, employees are awarded SARS that can be exercised at a predetermined price, known as the grant price. When the company's stock price surpasses the grant price, employees can exercise their SARS and receive the appreciation in either cash or company stock. This mechanism aligns the interests of employees with the overall success of the business, fostering a sense of ownership and incentivizing employees to contribute to the company's growth. There may be different variations of the Lima Arizona Stock Appreciation Rights Plan, tailored to different employee categories within the organization. This could include plans for executives, mid-level employees, or even separate plans for specific departments or divisions. Each plan may have its own eligibility criteria, vesting schedules, and exercise periods, ensuring a fair and equitable distribution of benefits among employees. The Todd-AO Corporation's Lima Arizona Stock Appreciation Rights Plan is designed to attract and retain top talent, incentivize performance, and promote employee loyalty. By offering employees the opportunity to share in the company's success, the plan serves as a powerful motivator, driving individuals to go above and beyond for the organization's long-term prosperity. Overall, the Lima Arizona Stock Appreciation Rights Plan of The Todd-AO Corporation is a comprehensive and well-structured compensation program that enables employees in Lima, Arizona, to have a direct stake in the company's growth. By utilizing SARS, the plan aligns the interests of employees with shareholders, ultimately fostering a collaborative and high-performing workforce.

The Lima Arizona Stock Appreciation Rights Plan is a unique compensation structure offered by The Todd-AO Corporation, a well-established company known for its innovative contributions in the film industry. This plan provides employees with an opportunity to directly benefit from the company's success and financial growth through stock appreciation rights (SARS). SARS is a form of equity compensation that grants employees the right to receive cash or stock when the company's stock price increases over a specified period. The Lima Arizona Stock Appreciation Rights Plan allows eligible employees of The Todd-AO Corporation based in Lima, Arizona, to participate in this program and reap the rewards of their hard work. Under this plan, employees are awarded SARS that can be exercised at a predetermined price, known as the grant price. When the company's stock price surpasses the grant price, employees can exercise their SARS and receive the appreciation in either cash or company stock. This mechanism aligns the interests of employees with the overall success of the business, fostering a sense of ownership and incentivizing employees to contribute to the company's growth. There may be different variations of the Lima Arizona Stock Appreciation Rights Plan, tailored to different employee categories within the organization. This could include plans for executives, mid-level employees, or even separate plans for specific departments or divisions. Each plan may have its own eligibility criteria, vesting schedules, and exercise periods, ensuring a fair and equitable distribution of benefits among employees. The Todd-AO Corporation's Lima Arizona Stock Appreciation Rights Plan is designed to attract and retain top talent, incentivize performance, and promote employee loyalty. By offering employees the opportunity to share in the company's success, the plan serves as a powerful motivator, driving individuals to go above and beyond for the organization's long-term prosperity. Overall, the Lima Arizona Stock Appreciation Rights Plan of The Todd-AO Corporation is a comprehensive and well-structured compensation program that enables employees in Lima, Arizona, to have a direct stake in the company's growth. By utilizing SARS, the plan aligns the interests of employees with shareholders, ultimately fostering a collaborative and high-performing workforce.